Mike Driscoll
Mike Driscoll
announced brought deal energy figure people positive prices softer tone trying
I would have thought the big telecom deal announced would have brought a little more positive tone for the market, but people are trying to figure out how to play it. You do have a little softer tone in commodities after energy prices rallied on Friday.
begets boat forced missed people scramble start stocks
Once the stocks do start to go (higher), a lot of people are going to feel like they missed the boat and be forced to scramble after some of these names. And that's what begets rallies.
bored flat impression interest last market nearer people rate rises series year
It's the impression that the series of interest rate rises are nearer the end than the beginning, and people were bored after last year with the market flat on the year.
key sort
There's sort of an elegant, causal hedonism here. Not decadent, not raffish, not Key West. But we like to have fun.
broader given helping higher market oil strong surprising
Oil is strong and that is helping oil companies, but it is surprising the broader market is as strong as it is, given higher oil prices.
data due gasoline huge increase initial negative reaction stands twice
The data that stands out is the gasoline inventories, which are up more than twice what was expected. The initial reaction is a little negative due to huge increase in gasoline.